Saturday 26 May 2018
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6 months ago

PH seen to violate global trading rule with planned sugar tax on beverages

The Philippines would be violating a global trading rule if it pushes forward with a sugar-sweetened beverage tax that doubles the rate on imported sugar in favor of its locally sourced counterpart, sending the wrong signal to foreign investors and trading partners. Alexander Feldman and Ernest Bower, top officials of the US-Asean Business Council and Center for Strategic and International Studies (CSIS), issued the warning in a joint statementon Wednesday. Congress is consolidating two versions o

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